US Exports to Global Automotive Parts Market Tops $80 Billion Per Year

When talking about an industry that has dominated the United States and the world over the past 50 years and has spread to every corner of the globe, and you’d think immediately of the automobile industry.

Perhaps no industry is under greater pressure to change, but this is a case of creative change and destruction. Auto and auto parts companies who embrace change will live to see another century.

The report provides country case studies for US exporters who are looking for opportunities abroad. And the opportunities are as diverse as they are challenging and potentially lucrative:

Mexico

China

Germany

Australia

Brazil

Korea

Saudi Arabia

Thailand

Columbia

The Emergence of New Technologies in the Automobile Parts Industry

One just needs to know what Elon Musk has been up to at Tesla to see that robotic manufacturing is more mainstream than ever before. New technologies include new advanced drivetrains, engines, and vehicle construction.There are also new fuels and the emergence of electric vehicles as many seek to meet more stringent carbon emissions regulations.

With all this, the ITA sees the following areas as top opportunities for US exporters:

Weight reduction technologies

Advanced engine control technologies

Turbos

Advanced transmissions

Vehicle accessory electrification technologies

Sensors

Advanced batteries and battery inputs

Advanced electronics

The following video shows “Canada’s Largest Junkyard with Free Auto Parts.”

David Russell Schilling

David enjoys research and writing about cutting edge technologies that hold the promise of improving conditions for all life on planet earth.